Nickel futures prices fell by Rs 8.50 or 0.90 per cent to Rs 938.70 per kg today, as traders engaged in offloading their positions, driven by a weak global trend.
Subdued demand at physical markets also put some pressure on the nickel futures prices.
At the Multi Commodity Exchange counter, the nickel for delivery in August contract fell Rs 8.50, or 0.90 per cent to Rs 938.70 per kg, with an open interest of 115 lots.
Similarly, the metal for delivery in current-month June contract lost Rs 5.90, or 0.63 per cent to Rs 932 per kg, with an open interest of 13,531 lots.
Market analysts said a weak trend in base metals pack at the global markets and sluggish demand from domestic alloy makers pulled down the nickel prices at futures trade.
Meanwhile, nickel for delivery in three-month fell by 2.2 per cent to $19,850 a metric tonne on the London Metal Exchange.
